CNN's GUT CHECK | for December 12, 2012 | 5 p.m.
– n. a pause to assess the state, progress or condition of the political news cycle
DEVELOPING: CENSUS BUREAU PROJECTS AN OLDER COUNTRY WITHOUT RACIAL MAJORITY IN THE NEXT 50 YEARS… “The U.S. will become a plurality nation, where the non-Hispanic white population remains the largest single group, but no group is in the majority,’ said Acting Director Thomas L. Mesenbourg. … According to the projections, the population age 65 and older is expected to more than double between 2012 and 2060, from 43.1 million to 92.0 million. The older population would represent just over one in five U.S. residents by the end of the period, up from one in seven today. The increase in the number of the ‘oldest old’ would be even more dramatic — those 85 and older are projected to more than triple from 5.9 million to 18.2 million, reaching 4.3 percent of the total population.”
Washington (CNN) - House Democratic Leader Nancy Pelosi, who handed over the House speaker's gavel to Republican John Boehner two years ago, suggested he follow her lead when faced with intra-party division and "figure it out."
Asked whether Boehner should be willing to put his speakership on the line to get a deal to avoid the fiscal cliff, Pelosi told reporters on Capitol Hill, "That's what we all take the job to do - to risk it for something, not to just sit in the office."
Washington (CNN) – Hedge fund and Wall Street executives will head to the White House Wednesday to meet with Valerie Jarrett and the White House economic team as the administration continues to lobby on behalf of their economic positions and tax plan, according to an administration official.
Negotiations over tax rates have been at the center of the ongoing fiscal cliff discussions, with the White House insisting rates for the top 2% of income earners go up at the end of the year and congressional Republicans holding firm in their opposition.
(CNN) - With the 112th Congress coming to an end, several senators gave their farewell remarks on the Senate floor Wednesday.
As they depart, many of them touched on a need for bipartisanship or reflected on key pieces of legislation they helped pass. See some of the highlights after the jump.
Washington (CNN) - Public posturing or possible stalemate? Continued sniping by both sides in the fiscal cliff negotiations shows little movement on the core issue – higher taxes on the wealthy.
House Speaker John Boehner chose different language on Wednesday to describe his latest talks with President Barack Obama, calling a phone call the night before "deliberate" and "frank."FULL STORY
Washington (CNN) - One of the reasons Tuesday night's conversation between President Barack Obama and John Boehner did not go well was because the GOP House speaker sent the White House a fiscal cliff proposal calling for a permanent extension of Bush-era tax cuts for all Americans, including for incomes in the top 2%, a Democratic source said Wednesday.
Democrats took the GOP counter offer to mean that tax reform cannot result in any marginal rates higher than current law, according to the source, who said Boehner's proposal was a "sign" to Democrats that "Boehner and the GOP are unwilling or unable to do any sort of deal that can pass the Senate or be signed by the president."
Washington (CNN) - It's been just five weeks since the 2012 presidential election, but it seems it's never too early to talk about a potential 2016 White House bid by outgoing Secretary of State Hillary Clinton.
A new poll released Wednesday is the fourth survey over the past week to indicate positive numbers for the former, and possibly future, presidential candidate.
(CNN) – Republicans in the House who have refused to sign on to a petition allowing a vote on extending Bush-era tax cuts are being targeted in radio and web advertisements by Democrats, who want to extend the cuts only on households making less than $250,000 per year.
The Democratic Congressional Campaign Committee said Wednesday they would air the ads against 21 House Republicans who have refused to sign the discharge petition advanced by Democrats. The Bush-era cuts expire at the end of the year.
(CNN) – As President Barack Obama and House Speaker John Boehner hash out a deal to avert the fiscal cliff, new polls indicate the president has more support from the American public than his political opponent.
Nearly half of Americans-49%–say they approve of Obama's handling of the negotiations, while a quarter say Boehner is doing a good job, according to a new ABC News/Washington Post poll released Wednesday.